Local Market Trends

The following information is from the local MLS database, as of June 2, 2009 and is compared to (May 4, 2009).  If you are interested in a little more market information feel free to give us a call, we are always happy to talk about the market.

Current market conditions are very competitive and fast moving.  Our inventory is at approximately 350 homes on the market for sale at the present time.  We have an all time high 371 homes pending, meaning they have an accepted ratified contract on them and are going through the escrow and title search process.

Tracy, CA

ACTIVE Status

Total # of residential properties for sale in the city of Tracy: 357 (399)

# of REO (foreclosures): 58 (74)

# of Short Sales: 245 (266)

Average # of days on market: 116 (118)

The median price of all homes for sale in Tracy: $280,450 ($293,000)

The average price of all homes for sale in Tracy: $382,315 ($397,710)

Lowest priced home: 1bd/660 sq. ft./$64,900

Highest priced home: 6bd/7,004 sq. ft./$1,399,000

PENDING Status

Number of properties currently under agreement: 371 (394)

# of REO: 222 (268)

# of Short Sales: 116 (90)

Average pending price: $216,774 ($219,013)

Average pending home is 4 bedrooms, 1,995 square feet at a price of $216,774 that stays 54 days on the market.

SOLD Status

Residential property sold over previous 30 days: 161 homes or $34,488,887 in sales (162 homes or $35,210,164 in sales)

REO's sold in the last month: 129 (122)

Short sales sold in the last month: 20 (27)

Average sale price: $214,217 ($217,347)

Median sale price: $220,000 ($215,000)

High: 675K (6bd,3,767 sq. ft. home)

Low: 47K (2bd,684 sq. ft. home)

Mountain House, CA

ACTIVE Status

Total # of residential properties for sale in the city of Mountain House: 105 (98)

# of REO (foreclosures): 11 (13)

# of Short Sales: 81 (74)

Average # of days on market: 47 (64)

The median price of all homes for sale in Mountain House: $317,450 ($317,400)

The average price of all homes for sale in Mountain House: $320,171 ($321,404)

Lowest priced home: 2bd/1,260 sq. ft./$189,900

Highest priced home: 5bd/4,021 sq. ft./$549,950

PENDING Status

Number of properties currently under agreement: 86 (80)

# of REO: 35 (40)

# of Short Sales: 34 (29)

Average pending price: $304,103 ($305,481)

Average pending home is 4 bedrooms, 2,584 square feet at a price of $304,103 that stays 46 days on the market.

SOLD Status

Residential property sold over previous 30 days: 25 homes or $7,904,200 in sales (26 homes or $7,710,800 in sales)

REO's sold in the last month: 15 (17)

Short sales sold in the last month: 6 (4)

Average sale price: $316,168 ($296,569)

Median sale price: $325,000 ($275,000)

High: 405K (6bd, 3,975 sq. ft. home)

Low: 184K (2bd, 1,260 sq. ft. home)

Lathrop, CA

ACTIVE Status

Total # of residential properties for sale in the city of Lathrop: 105 (117)

# of REO (foreclosures): 17 (29)

# of Short Sales: 76 (78)

Average # of days on market: 48 (77)

The median price of all homes for sale in Lathrop: $179,900 ($174,900)

The average price of all homes for sale in Lathrop: $199,967 ($197,993)

Lowest priced home: 2bd/768 sq. ft./$67,90

Highest priced home: 6bd/3,560 sq. ft./$799,900

PENDING Status

Number of properties currently under agreement: 136 (148)

# of REO: 88 (117)

# of Short Sales: 30 (31)

Average pending price: $185,111 ($177,338)

Average pending home is 4 bedrooms, 2,250 square feet at a price of $185,111 that stays 50 days on the market.

SOLD Status

Residential property sold over previous 30 days: 66 homes or $11,131,088 in sales (57 homes or $9,524,177 in sales)

REO's sold in the last month: 59 (48)

Short Sales sold in the last month: 6 (4)

Average sale price: $168,653 ($167,091)

Median sale price: $168,000 ($161,100)

High: 300K (6bd/4,011 sq. ft. home)

Low: 67.5K (3bd/960 sq. ft. home)

Weston Ranch, CA

ACTIVE Status

Total # of residential properties for sale in Weston Ranch: 102 (121)

# of REO (foreclosures): 21 (34)

# of Short Sales: 72 (80)

Average # of days on market: 45 (53)

The median price of all homes for sale in Weston Ranch: $138,950 ($139,900)

The average price of all homes for sale in Weston Ranch: $144,023 ($144,338)

Lowest priced home: 1bd/1,100 sq. ft./$39,500

Highest priced home: 6bd/43,650 sq. ft./$249,900

PENDING Stauts

Number of properties currently under agreement: 147 (146)

# of REO: 105 (115)

# of Short Sales: 72 (80)

Average pending price: $137,009 ($140,564)

Average pending home is 4 bedrooms, 2,018 square feet that stays 42 days on the market.

SOLD Status

Residential property sold over previous 30 days: 61 homes or $8,607,850 in sales (73 homes or $10,125,476 in sales)

Short Sales sold in the last month: 4 (4)

Average sale price: $141,112 ($138,705)

Median sale price: $135,000 ($135,000)

High: 220K (6bd/3,000 sq. ft. home)

(225K (5bd/3,376 sq. ft. home))

Low: 85.5K (3bd/1,176 sq. ft. home)

(39.9K (3bd/1,085 sq. ft. home))

 

Below are links to previous Tracy Area Market Reports:

5/4/09 vs. 4/2/09 http://www.tracyrealestateexpert.com/Blog/Tracy-Area-Market-Trends-5409-vs-4209

3/3/09 vs. 2/2/09 http://www.tracyrealestateexpert.com/Blog/Tracy-Area-Market-Report-2209-vs-3309

2/2/09 vs 1/2/09 http://www.tracyrealestateexpert.com/Blog/Tracy-Area-Market-Report-2209-vs-1209

1/2/09 vs. 12/1/08 http://tracyrealestateexpert.com/blog_post.asp?post=20478

12/1/08 vs. 11/3/08 http://www.tracyrealestateexpert.com/blog_post.asp?post=19465

11/3/08 vs. 10/1/08 http://www.tracyrealestateexpert.com/blog_post.asp?post=18625

10/1/08 vs. 9/2/08 http://www.tracyrealestateexpert.com/blog_post.asp?post=17634

9/2/08 vs. 8/1/08 http://www.tracyrealestateexpert.com/blog_post.asp?post=16678

8/1/08 vs. 7/9/08 http://www.tracyrealestateexpert.com/blog_post.asp?post=15614

 4/4/08 vs. 3/4/08 http://tracyrealestateexpert.com/blog_post.asp?post=9503

3/14/08 vs. 2/14/08 http://tracyrealestateexpert.com/blog_post.asp?post=8914

3/14/08 vs. 2/14/08 http://tracyrealestateexpert.com/blog_post.asp?post=8913

2/14/08 vs. 1/11/08 http://tracyrealestateexpert.com/blog_post.asp?post=8227 

 

2/14/08 vs. 1/11/08 http://tracyrealestateexpert.com/blog_post.asp?post=8226

10/30/07 http://tracyrealestateexpert.com/blog_post.asp?post=5779